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Gulf Finance House sells more of Leeds United following December 2012 buyout

21 Jan 2014

Bahrain-based Gulf Finance Househas agreed a partial sale of its stake in English second-tier football club Leeds United just over a year after signing a deal to buy the business.

GFH’s private equity arm said it had financially supported the club since entering an exclusivity period and planned to inject more funds for working capital and to help manager Neil Warnock strengthen the team.

Reports at the time suggested the deal could be worth about £50m.

Warnock left in April last year, and the club current sits bang in the middle of the Football Championship, one division below the English Premier League.

Financial statements reportedly showed GFH sold off more than half of its stake in Leeds about a month after Warnock’s departure. Financial details for the latest sale were not disclosed.